Venture capitalist Kevin O’Leary reiterated that he is “on the rise” in the Bitcoin and altcoin space, saying in an interview Friday that 20 percent of his portfolio is in cryptocurrencies and Blockchain assets. He noted Solana and various altcoins in terms of investment. Here are the details…
Solana, AVAX, HNT, ETH: Which one will win?
In a new interview, the famous investor and entrepreneur says it’s impossible to determine which of the leading projects will win in the long run, as the development teams are all extremely talented. O’Leary states that he has a large portfolio of cryptocurrencies worth “millions of dollars.” “You need to diversify your portfolio, I have 32 different positions, including FTX stock,” he said. The Shark Tank star added that he owns coins such as Ethereum (ETH), Solana (SOL), Helium (HNT), Avalanche (AVAX), and used the following statements:
The thing is, you don’t know who will win. Will Ethereum win? Will Solana win? Is it helium? Or Avalanche? I invested in all of them. Fortunately, they’re all software development teams. You go and meet these people and learn that they are in their 20s. They are the smartest engineers in the world.
O’Leary points to regulatory efforts in the US
The once anti-crypto businessman says 20 percent of his current portfolio now consists of cryptocurrencies. cryptocoin.com As we reported, in October, O’Leary said that 7 percent of his total portfolio consists of cryptocurrencies. Still, he noted that the US is far behind countries like Canada and Switzerland in the global crypto race, and the world expects the US to step up as a policy leader for cryptocurrencies.
On Wednesday, President Biden issued an executive order detailing cryptocurrencies. O’Leary, who recently met with Senator Cynthia Lummis and other US lawmakers to discuss crypto regulations, urges lawmakers to quickly adopt a regulatory framework for cryptocurrencies. He thinks that if regulations are not done correctly, he risks falling behind other nations.
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